of 2026, Vietnam's building materials market has ushered in a wave of overall price increases. The prices of core building materials such as cement, steel, sand and gravel have risen synchronously, directly impacting the profit margins of construction enterprises and pushing real estate prices to a new high. This price fluctuation is due to the double squeeze of raw materials and transportation costs, and the market uncertainty has increased significantly.
Cement and steel prices have hit new highs
. According to the report of the March 17 meeting of Vietnam's Ministry of Industry and Trade, the cement industry has completed at least three rounds of price adjustments this year. In March, most enterprises raised the price of bagged and bulk cement by about 100,000 VND/ton, and some enterprises chose to raise the price slightly by 60,000 to 70,000 VND/ton in order to maintain their market competitiveness. The steel market is also rising rapidly, with the price of construction steel rising by 350000 to 600000 Vietnamese Dong per ton, and the average market price has exceeded 16.2 million Vietnamese Dong per ton. Analysts predict that if global geopolitical tensions do not ease in the short term, the trend of price increases may continue.
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